Nation’s Largest mREIT Annaly Targets Servicing Assets April 29, 2021 Paul Muolo The REIT giant has a reputation for being MBS-centric. But that doesn’t mean it can’t put its toes in the MSR pond too. Read More
Picking Up a Head of Steam: Warehouse Securitizations April 29, 2021 Paul Muolo and Brandon Ivey Should traditional warehouse financiers be worried? It seems more nonbanks are jumping on the securitization bandwagon.Read More
Short Takes: Enter, Goldman. Meaning? / Marking It Up with Mr. Cooper / A Profit for Ocwen / Some M&A from Finance of America April 29, 2021 Paul Muolo and Brandon Ivey Has Ocwen CEO Glen Messina finally righted the ship at the nation's 17th largest residential servicer? We'll know in the quarters ahead.Read More
Another Large Profit for Freddie, Net Worth Nears $19 Billion April 29, 2021 Paul Muolo On the plus side: revenues at Freddie increased 4.9% from the fourth quarter of last year... Read More
All Hail the Return of MSR ‘Markups,’ At Least for Now April 29, 2021 Paul Muolo It’s a given: When rates rise, servicing values increase. Problem is, there hasn’t been much rate-rising going on. That is, until recently.Read More
Nation’s Largest Wholesaler Accused of Restraint of Trade April 29, 2021 Maria Volkova and Paul Muolo Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way.Read More
Another Large Profit for Freddie, Net Worth Nears $19B April 29, 2021 Paul Muolo Freddie Mac turned in slightly lower earnings on a sequential basis as higher credit expenses dinged its bottom line. Next up: Fannie Mae.Read More
Grapevine: It’s M&A Season; Helping Those Who Missed the Refi Boat April 29, 2021 Paul Muolo and Brandon Ivey Okay, industry consolidation is arriving. But what about prices? Also, more refis could be on the way, courtesy of the GSEs.Read More
Nation’s Third Largest Servicer Mr. Cooper Blames Vendor for ‘Unauthorized’ Withdrawals April 28, 2021 Paul Muolo Mr. Cooper's vendor blamed the withdrawal snafu on a "processing issue."Read More
Short Takes: A Pending M&A Deal / Forbearance Update / PennyMac’s LO Push / 10,000 Strong at Fairway / A Nice Profit for Mega-REIT AGNC April 27, 2021 Paul Muolo and Brandon Ivey PennyMac Financial Services plans to open an office in the Nashville area and its currently hiring loan officers in the area for its consumer direct lending business. Read More